Unexpectedly strong industrial figures from the eurozone

According to Bloomberg, analysts on average had expected an unchanged industrial production in June after the increase of 0.2 percent the month before.

At an annual rate, industrial production fell by 1.2 percent in June, but the average forecast was for a slowdown of 4.0 percent.

In a separate report, Eurostat reports growth in the eurozone of 0.3 percent in the second quarter compared to the previous quarter. At an annual rate, there was growth of 0.6 percent.

This is in line with expectations.

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